W&T Offshore, Inc. (NYSE:WTI) is reporting third quarter earnings results on Wednesday 4th November 2020, after market close.
The consensus estimates from Thomson Reuters are loss of $ 0.26 per share.
For the full year, analysts predict revenues of $ 318.26 million, while looking forward to loss of $ 0.47 per share.
Previous Quarter Performance
W&T Offshore, Inc. unwinded loss for the second quarter of $ 0.02 per share, from the revenue of $ 55.24 million. The consensus estimates are loss of $ 0.21 per share from $ 82.33 million in revenue. The bottom line results beat street analysts by $ 0.19 or 90.48 percent, at the same time, top line results fell short of analysts by $ 27.09 million or 32.9 percent.
Stock Performance
Shares of W&T Offshore, Inc. traded low $ -0.02 or -1.33 percent on Tuesday, reaching $ 1.48 with volume of 2.88 million shares. W&T Offshore, Inc. has traded high as $ 1.61 and has cracked $ 1.46 on the downward trend
According to the previous trading day, closing price of $ 1.48, representing a 40.19 % increase from the 52 week low of $ 1.07 and a 75.41 % decrease over the 52 week high of $ 6.10.
The company has a market capital of $ 209.67 million and is part of the Energy sector and Oil & Gas E&P industry.
W&T Offshore, Inc., an independent oil and natural gas producer, engages in the acquisition, exploration, and development of oil and natural gas properties in the Gulf of Mexico. The company sells crude oil, natural gas liquids, and natural gas. It holds working interests in approximately 48 offshore fields in federal and state waters.
